Candlestick Patterns Identified upd '26

Overview

A professional-grade overhaul of the classic candlestick pattern indicator. The 2026 update has been completely rebuilt from the ground up to eliminate false signals and bring the detection logic into strict alignment with classical Japanese candlestick analysis.

All mathematical formulas have been deeply reworked to fix the logical flaws of older versions, resulting in a significantly higher accuracy rate and a drastic reduction in market noise.

Key Upgrades & Features

• Completely Reworked Formulas: Every pattern's geometry has been rewritten. Shadows, body proportions, and price overlaps now meet strict technical analysis standards.
• High-Accuracy Reversals: Complex multi-bar patterns (like Morning/Evening Stars and Kickers) now feature strict gap validation and proper intermediate body-size limits. No more random clusters of candles faking a pattern.
• Smart Pre-Signal Trend Filtering: Reversal patterns are now context-aware. By evaluating the trend (via SMA or Momentum) before the signal candle forms, the indicator ensures that bottom-reversal patterns (like Hammers) only appear after downtrends, and top-reversals (like Shooting Stars) only appear after uptrends.
• Optimized for Continuous Markets: Gap requirements for patterns like the Piercing Line have been practically adapted to work flawlessly on 24/7 markets like Crypto and Forex, not just traditional closed-session stock markets.
• Clean & Strict: Removed redundant, non-standard filters from previous iterations (such as rigid historical lowest-low checks on Belt Holds) to restore the true classic geometry of the patterns.

Supported Patterns (Bullish & Bearish)

• Doji
• Harami
• Engulfing
• Piercing Line & Belt Hold
• Kickers
• Morning Star & Evening Star
• Hanging Man & Shooting Star
• Hammer & Inverted Hammer

Why upgrade to the '26 version?

Older candlestick indicators simply highlight any strong candles, ignoring context and precise geometry. Indicator upd '26 brings mathematical discipline back to pattern recognition, giving you reliable, high-quality signals you can actually base your trading algorithms on.